Key Points
- Director sale: Silicom director Yeshayhu Orbach sold 2,969 shares at an average price of $45, generating proceeds of $133,605.
- Quarterly results: Silicom reported quarterly revenue of $23.81 million, above the $20.58 million consensus estimate, while its adjusted loss of $0.16 per share was narrower than expected.
- Mixed outlook: Analyst views remain divided, with Needham upgrading the stock to “buy” and setting a $60 price target, while Weiss Ratings maintained a “sell” rating; the overall consensus is “hold.”
Silicom Ltd (NASDAQ:SILC - Get Free Report) Director Yeshayhu Orbach sold 2,969 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $45.00, for a total value of $133,605.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Silicom Price Performance
NASDAQ SILC opened at $42.20 on Friday. The stock has a market capitalization of $242.57 million, a PE ratio of -24.68 and a beta of 1.55. The business has a 50 day simple moving average of $42.90 and a two-hundred day simple moving average of $34.74. Silicom Ltd has a 1-year low of $13.34 and a 1-year high of $52.95.
Silicom (NASDAQ:SILC - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.08. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.The firm had revenue of $23.81 million during the quarter, compared to the consensus estimate of $20.58 million.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Needham & Company LLC upgraded Silicom from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Silicom in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Silicom currently has an average rating of "Hold" and an average target price of $60.00.
View Our Latest Research Report on SILC
Institutional Investors Weigh In On Silicom
Several institutional investors have recently made changes to their positions in SILC. Strategic Investment Solutions Inc. IL purchased a new position in shares of Silicom during the 2nd quarter worth about $34,000. Barclays PLC grew its holdings in Silicom by 33.8% during the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company's stock valued at $54,000 after purchasing an additional 927 shares during the last quarter. Citadel Advisors LLC raised its position in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company's stock worth $292,000 after purchasing an additional 1,117 shares during the period. Bank of America Corp DE purchased a new stake in Silicom in the 4th quarter worth about $29,000. Finally, Goldman Sachs Group Inc. lifted its stake in Silicom by 15.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company's stock worth $193,000 after purchasing an additional 1,751 shares during the last quarter. Institutional investors own 52.85% of the company's stock.
About Silicom
(
Get Free Report)
Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom's solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.
Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.
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